Xurpas Technical Analysis: Does Our Evergreen Strategy Suggest Trading X?

Xurpas Inc. (PSE:X) is priced at ₱1.11 per share as of 03:30 PM GMT+8 on November 6, 2019. It is up by 13.27 percent.

The Total Turnover Value is at ₱48,918,950.00. The local traders are the main drivers of X today.

Foreign investors registered a Net Foreign Selling worth ₱125,500.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱0.88, while the immediate resistance is near ₱1.20.

My 10SMACD combo is bullish.

X’s risk level is high due to its historical volatility score of 86.11 percent.

Xurpas Inc - Daily Chart EOD 1 - 11.6.2019

Trade-Volume Distribution Analysis

Last Price: 1.11
VWAP: 1.071163
Dominant Range: 1.05-1.11

Xurpas Inc (X) - Trade Volume Distribution EOD - 11.06.2019

The Momentum Power Indicator of X is bullish because all 4 elements are bullish.

The ascent of the price is more than likely to continue since both 10SMACD and Momentum Power Indicator are both bullish.

True Market Sentiment – EOD

True Market Sentiment on X as of Nov-06-2019 at 03:30PM, with a last price of 1.1100.
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 1.0663
Top 10 Players’ Selling Average: 1.0630
Bonus Info:
4 out of 62 participants or 6.45% of all participants registered a 100% BUYING activity
25 out of 62 participants or 40.32% of all participants registered a 100% SELLING activity

Xurpas Inc. (X) - True Market Sentiment EOD - 11.06.2019

True Market Sentiment – WTD

True Market Sentiment on X from Nov-04-2019 to Nov-06-2019 at 03:30PM, with a last price of 1.1100.
True Market Sentiment: BULLISH
7 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 1.0599
Top 10 Players’ Selling Average: 1.0529
Bonus Info:
5 out of 64 participants or 7.81% of all participants registered a 100% BUYING activity
25 out of 64 participants or 39.06% of all participants registered a 100% SELLING activity

Xurpas Inc. (X) - True Market Sentiment MTD - 11.06.2019

Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

Assuming that your trailing stop is still intact and you want to top-up, you may proceed in doing that since X’s 10SMACD and Momentum Power Indicator are both bullish. Make sure to adjust your trailing stop every time it registers a higher prevailing price. We have a Trailing Stop Calculator on our website: Resources>Tools.

Planning to enter a new position? Hold on, you need to calculate your reward-to-risk ratio first. We also have a Reward-to-Risk Ratio calculator on our website: Resources>Tools. If you’re satisfied with the ratio, you may do a test-buy within the dominant range I indicated above. But if Xurpas registers a price higher or lower than the dominant range during the opening bell, quickly request for this stock’s latest Trade-Volume Distribution and True Market Sentiment charts in our Private Clients Forum so we can tell you where it’s best to buy X.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

About the Author
Jaycee De Guzman is an online business strategist, an equity analyst, an entrepreneur, and a computer scientist by profession. Visit his website at www.jayceedeguzman.com.

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